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Exam Stress Adda

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Jul 28, 3:24 PM

You see, in my father’s shop ledger, we write an expense only once, so this double entry for adjustments felt strange at first. But my teacher says it’s to show both sides of the story—like how an outstanding salary is both an expense for this year and a liability we still owe. Just yesterday, a supplier’s bill we hadn’t paid was troubling my father, and I realized our home ledger didn’t show that debt, but the company’s books must. So, it’s not a mistake; it’s to keep the accounting complete, hai na?
#exams#study

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